Deals
Singapore Air Raises Tiger Air Bid in Push to Delist Company
- Higher offer extended to Jan. 22 from Jan. 8, statement says
- Singapore Air does not intend to raise `final' offer
This article is for subscribers only.
Singapore Airlines Ltd. raised its offer for Tiger Airways Holdings Ltd. by almost 10 percent, offering shareholders in the unprofitable budget airline an improved deal after a lobby group urged Southeast Asia’s largest carrier to sweeten its bid.
SIA is offering Tiger Air stockholders 45 Singapore cents, from its initial proposal of 41 cents, the company said in a statement to the stock exchange on Monday. The offer, which SIA said it does not intend to revise further, has been extended to Jan. 22 from Jan. 8.